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November 22, 2008


Indian car sales in June up by 8% YoY

BS reported that the sales of India’s leading car makers including Maruti Suzuki, Hyundai Motors, M&M, TATA Motors and Honda Siel have gone up by 8% YoY in June 2008 as compared to the same period last year, despite the hike in car prices, increase in excise duty on bigger cars and spiraling inflation.

Details of car sales in June 2008

Car makerJune '07June '08Change
Maruti Suzuki59,91761,2472.0%
Hyundai27,65340,18245.3%
TATA Motors 56,06654,525-1.0%


As per report, the five car makers together sold 160,000 vehicles in June 2008 as compared to 148,000 units in June 2007. Had it not been for the negative growth of TATA Motors, the sales of other four manufacturers would have grown by 15% YoY in the same period.

Maruti Suzuki sold 61,247 vehicles in June 2008. Consumers, however, opted for its mid sized and bigger cars rather than smaller versions. It witnessed a staggering 48% in the A3 segment, including Dzire and SX4, despite hiking the prices by INR 15,000. On the other hand, the sales of Maruti 800 fell by 13% YoY from 6214 units in the corresponding period last year. The sales in the A2 segment, comprising Alto, Swift, Zen and Wagon R, grew by a measly 0.3% YoY in June 2008.

Hyundai Motors registered a sales growth of 45.3% YoY at 40,182 units in June 2008. The domestic market accounted for 21,881 units and exports stood at 18,301 units. It witnessed a 57% YoY growth in the A3 segment, selling 6272 units of Accent and Verna in June 2008 as compared to 3983 units in June 2007. Hyundai, however, witnessed a decline in A5 sales. It sold 47 units of Sonata in June 2007 as compared to 67 units in June 2007. In the SUV segment, it sold merely 4 units of Tucson as compared to the 21 units in June 2007.

TATA Motors continued to see a decline in sales. The sales of passenger vehicles fell 1% YoY to 54,525 units in June 2008 from 56,066 units in June 2007. The sales of flagship Indica came down by 26% YoY to 25,676 units. However, the big car Indigo saw a strong growth of 81% YoY at 13,052 units.

Indian News